EDX Markets is an institutional cryptocurrency exchange owned by

Citadel Securities Citadel Securities LLC is an American market making firm headquartered in Miami, Florida. It provides liquidity and trade execution to retail and institutional clients. The firm also trades futures, equities, credit, options, currencies, a ...

Charles Schwab Corporation The Charles Schwab Corporation is an American multinational Financial institution, financial services company. It offers banking, commercial banking, investing and related services including consulting, and wealth management advisory services ...

Virtu Financial Virtu Financial, Inc. is an American high-frequency trading company. The company went public on the Nasdaq in 2015. Organization Based in New York City, Virtu was founded by Vincent Viola, a former chairman of the New York Mercantile Exchange ...

and Sequoia among others. Initially, the exchange offered trading in

Bitcoin Bitcoin (abbreviation: BTC; Currency symbol, sign: ₿) is the first Decentralized application, decentralized cryptocurrency. Based on a free-market ideology, bitcoin was invented in 2008 when an unknown entity published a white paper under ...

Ethereum Ethereum is a decentralized blockchain with smart contract functionality. Ether (abbreviation: ETH) is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization. It is open-s ...

Litecoin Litecoin (Abbreviation: LTC; sign: Ł) is a decentralized peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Inspired by Bitcoin, Litecoin was the second cryptocurrency starting in October 2011. In te ...

, and

Bitcoin Cash Bitcoin Cash (also referred to as Bcash) is a cryptocurrency that is a fork of bitcoin. Launched in 2017, Bitcoin Cash is considered an altcoin or spin-off of bitcoin. In November 2018, Bitcoin Cash further split into two separate cryptocurren ...

. In November 2024, the exchange added trading support for two memecoins,

Dogecoin Dogecoin ( or , Abbreviation: DOGE; sign: Ð) is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the t ...

and

Shiba Inu The is a breed of hunting dog from Japan. A small-to-medium breed, it is the smallest of the six original dog breeds native to Japan. The Shiba Inu was originally bred for hunting. Its name literally translates to "brushwood dog", as it is us ...

. EDX offers a non-custodial model, meaning that it does not hold clients' digital assets. The exchange began processing trades in June 2023. The company's CEO, Jamil Nazarali, was formerly global head of business development at

History

EDX Markets was founded in 2022. In 2023, the company launched EDX Clearing, a central clearinghouse for trades.

Funding

In January 2024, EDX completed their

series B round A venture round is a type of funding round used for venture capital financing, by which startup companies obtain investment, generally from venture capitalists and other institutional investors. The availability of venture funding is among the p ...

of funding led by

Pantera Capital Pantera Capital is an American venture capital and hedge fund firm focused on digital assets headquartered in San Francisco, California. The fund specializes in cryptocurrencies and blockchain technology. It is one of the largest digital asset f ...

and

Sequoia Capital Sequoia Capital Operations, LLC is an American venture capital firm headquartered in Menlo Park, California, specializing in seed stage, early stage, and growth stage investments in private companies across technology sectors. the firm had appro ...

, for an undisclosed amount. The company plans to use the funding to expand outside of the US.

References

External links

* {{Cryptocurrency exchanges Bitcoin exchanges Cryptocurrency exchanges Internet properties established in 2022 financial services companies based in New Jersey

History

Funding

See also

References

External links